Life cycle cost analysis definitions

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Life-cycle cost analysis

Life-cycle cost analysis logo #21000 Life-cycle cost analysis (LCCA) is a tool to determine the most cost-effective option among different competing alternatives to purchase, own, operate, maintain and, finally, dispose of an object or process, when each is equally appropriate to be implemented on technical grounds. For example, for a highway pavement, in addition to the initial cons...
Found on http://en.wikipedia.org/wiki/Life-cycle_cost_analysis

Life-Cycle Cost Analysis

Life-Cycle Cost Analysis logo #21122The process used to compare projects based on their initial cost, future cost and salvage value, which accounts for the time value of money.
Found on https://www.encyclo.co.uk/local/21122
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